So is this coin going to switch to a POS type coin? Or is it going to remain POW? I think switching to POW/POS would help draw more people towards the coin and generate more interest
Cheers
SandG will never switch to a pure POS coin it will remain POW, that being said people here would like the POS option added, which is fine.
To be honest I would rather keep SandG mining only, but I also listen to what others want, I have tried to get the POS working on SandG and for the life of me can see no reason why it wont work.
I have spoke to presstab about it, but his rates arn't cheap ( not they arnt worth it, because he is a star when it comes to POS ), and while I don't mind investing in the coin of coarse I would rather not if it can be helped, I have taken nothing from this project yet, only given starting balances to the staking coins, but others have also been extremely generous and have donated all sorts of coins.
The coin is growing for sure and we are staking more and more each week, which is encouraging, and of coarse our holdings are growing at the same time.
CAID is a pure POS coin that stakes 60% per year and stakes rather well I have to say, so my thinking at the moment is to offer people swaps both ways SandG to CAID and CAID to SandG, I could even set up a website that will do it automatically.
But of coarse I shall do nothing unless others agree, but it would be nice I think to have two coins linked by a swap but one for the miners and one for the stakers, people could chose what side of the track they wanted to be, and can move around and they choose, I also think by offering this sort of choice/option it would increase the price of both.
SandG would stay exactly the same, and concentrate on staking other POS coins, and CAID would continue to do what it does, I have purchases some shop software to use with CAID which would allow it to be taken as currency etc so that coin will start moving shortly.
But as said, all this is just my thoughts being put out in the open, to either be shot down or talked about, I have never done anything with out a community consensus and am not about to start doing the opposite now...
Cheers
Crunck